How Much Money You Need To Retire In Your State According To Data

To calculate how much people in all parts of the country need to save for their retirement, the site looked at annual expenditures for a retired person in every state—with Social Security Income deducted—using data from the Bureau of Labor Statistics and the Missouri Economic Research and Information Center. The researchers also assumed that people would draw down their savings by four percent every year to cover living expenses. Read on to find out how much money you need to retire in your state. RELATED: This Is the Average Retirement Age in Your State, According to Data. Savings you need to retire: $723,989 Savings you need to retire: $1,238,947 Savings you need to retire: $862,583 Savings you need to retire: $697,288 Savings you need to retire: $1,369,911 RELATED: This Is the Best State to Retire to in America. Savings you need to retire: $908,357 Savings you need to retire: $1,184,272 Savings you need to retire: $960,488 Savings you need to retire: $843,510 RELATED: This Is How Much Money Makes You Rich In Your State, According to Data. Savings you need to retire: $737,976 Savings you need to retire: $2,151,884 Savings you need to retire: $797,736 Savings you need to retire: $804,094 Savings you need to retire: $745,605 Savings you need to retire: $767,220 Savings you need to retire: $703,645 Savings you need to retire: $774,849 Savings you need to retire: $773,578ae0fcc31ae342fd3a1346ebb1f342fcb Savings you need to retire: $1,083,824 Savings you need to retire: $1,238,947 Savings you need to retire: $1,249,119 Savings you need to retire: $732,890 Savings you need to retire: $871,483 Savings you need to retire: $666,772 Savings you need to retire: $725,261 Savings you need to retire: $963,031 Savings you need to retire: $758,320 Savings you need to retire: $899,456 Savings you need to retire: $956,674 Savings you need to retire: $1,174,100 Savings you need to retire: $720,175 Savings you need to retire: $1,308,879 Savings you need to retire: $797,736 Savings you need to retire: $820,623 Savings you need to retire: $772,306 Savings you need to retire: $687,116 Savings you need to retire: $1,334,309 Savings you need to retire: $874,026 Savings you need to retire: $1,099,082 Savings you need to retire: $801,551 Savings you need to retire: $819,352 Savings you need to retire: $707,460 Savings you need to retire: $762,134 And for more interesting facts about your state sent straight to your inbox, sign up for our daily newsletter. Savings you need to retire: $815,537 Savings you need to retire: $1,060,937 Savings you need to retire: $885,470 Savings you need to retire: $1,003,719 Savings you need to retire: $754,505 Savings you need to retire: $811,723 Savings you need to retire: $889,284 RELATED: This Is How Much Money People Your Age Have on Average, Data Shows.